Rithm Capital (LTS:0K76) Credit Losses Provision : $4 Mil (As of Mar. 2024)

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What is Rithm Capital Credit Losses Provision?

Rithm Capital's credit losses provision for the three months ended in Mar. 2024 was $0 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $4 Mil.

Rithm Capital's quarterly credit losses provision declined from Sep. 2023 ($1 Mil) to Dec. 2023 ($0 Mil) but then stayed the same from Dec. 2023 ($0 Mil) to Mar. 2024 ($0 Mil).

Rithm Capital's annual credit losses provision increased from Dec. 2021 ($-48 Mil) to Dec. 2022 ($8 Mil) but then declined from Dec. 2022 ($8 Mil) to Dec. 2023 ($0 Mil).

Rithm Capital Credit Losses Provision Historical Data

The historical data trend for Rithm Capital's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Rithm Capital Credit Losses Provision Chart

Rithm Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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35.58

110.21

-47.74

7.62

Rithm Capital Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															-1.58	3.78	0.65	-	-

Rithm Capital Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $4 Mil.

Rithm Capital (LTS:0K76) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Rithm Capital Corp (LTS:0K76) » Definitions » Credit Losses Provision

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Address

799 Broadway, New York, NY, USA, 10003

Website

https://www.rithmcap.com

Rithm Capital Corp operates as a real estate investment trust that provides capital and services to the real estate and financial services industries. The company's mission is to generate attractive risk-adjusted returns in all interest rate environments through a complementary portfolio of investments and operating businesses. Rithm Capital's investment portfolio is composed of mortgage servicing related assets (full and excess MSRs and servicer advances), residential securities (and associated call rights) and loans (including single family rental), and consumer loans.

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